Capital One Stock Climbs After Q3 Earnings Blow Past Estimates

Capital One Financial Corp. (NYSE: COF) reported Q3 earnings of $6.69 per share, surpassing analyst estimates of $5.50 by 21.64%. The company's revenue reached $16.34 billion, exceeding the expected $16.26 billion. Additionally, the provision for credit losses decreased by $73 million to $2.9 billion, while net charge-offs stood at $3.1 billion. Following the earnings announcement, Capital One's stock rose 6.67% to $215 in extended trading.